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Stand-alone

Life protection

Makes sure your family is financially secure
if you’re no longer around.

Why is it a good idea?

Why is it a good idea?

peace of mind for you and your family

It’s our natural instinct to protect the ones we love. But what if something happens to you? What if you’re no longer around to take care of your loved ones? That’s where our Life Protection comes into its own.

It pays out a lump sum or a monthly income to help make sure your loved ones are left with a comfortable home and lifestyle, rather than debts and financial worries.

Essentially, taking out cover provides you and your family with complete peace of mind.

How does it work?

How does it work?

If you die, we pay out. It’s that simple

Our Life Protection provides a financial payout to your loved ones if you die while your policy is in force.

Together with your Financial Adviser, you decide how long you want your policy to last and the amount of cover you need – that’s the amount we pay out if you die.

The amount you pay depends on your age and health when you apply. It’s worth remembering that the younger you are the lower your premiums will be.

Single or dual life?

Single or dual life?

PROTECTION FOR YOU AND YOUR PARTNER

We’ve come a long way since the have-a-nice-day-at-the-office-darling 1950s. These days, it’s common for both partners to go out to work, and for the family to depend on 2 incomes.

And even if there’s a stay-at-home parent, it’s all too easy to underestimate their value to the family. After all, the school run, child-care, shopping and housework don’t do themselves.

That’s why, if you have a partner – whether they work or not – it pays to consider our dual life approach. Dual cover pays out on the death of either partner, providing the money to maintain the quality of life for the loved ones who remain. Unlike normal joint cover, if one of you has to claim your partner will still have cover in place and won’t have to try and replace it when they’re older.

What type of cover do you need?

What type of cover do you need?

There’s a choice of 4:
Level Cover

With Level Cover, you choose the amount of cover you want and the length of time you want to be covered. The amount is fixed, and you can also choose whether to receive a lump sum or a regular monthly payment.

Decreasing Cover

Decreasing Cover is designed to cover mortgages and other long-term borrowing. So, as the outstanding borrowing goes down, so does the cover. Because of this, the premiums tend to be lower, and it also only pays out a one-off lump sum.

Increasing Cover

They say what goes up must come down. But what about the cost of living? That only ever goes in one direction. So, to keep up with rising prices, the amount of cover you get with Increasing Cover rises in line with inflation. Unlike Level Cover, the cost increases each year.

Family Income Benefit

Rather than paying out a lump sum if you die, Family Income Benefit gives your loved ones a regular payout for the rest of the policy’s lifetime. So, if you take out a 25-year policy and die 5 years into it, your family will receive regular income for the remaining 20 years. If you were to die 15 years into the policy, it will pay out for the remaining 10 years. But remember, once the policy ends, the cover and the payouts will stop.

POLICY KEY FACTS

Life Protection is just one of the ways we can help protect you and your family from financial uncertainty. For more details, view our key facts document.

To find out exactly what suits your needs best, speak to a Financial Adviser.

OUR LIFE PROTECTION HAS CLEAR ADVANTAGES OVER OTHERS IN THE MARKET. IT’S WORTH ASKING YOUR ADVISER TO TALK YOU THROUGH THE DETAILS RATHER THAN JUST OPTING FOR THE CHEAPEST.

Nischal Singh
Actuarial Director

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Additional benefits

ALL THE SUPPORT
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